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>Statistically, companies that raise venture capital are vastly less likely to succeed than those that are bootstrapped. I'd wonder if taking VC money five tim
by DeathArrow 3y ago
>Statistically, companies that raise venture capital are vastly less likely to succeed than those that are bootstrapped.
I'd wonder if taking VC money five times, failing 4 times and building a large and growing company 1 time, isn't better than bootstrapping a small and profitable company just 1 time.
- noobermin 3y agoThe article is specifically about this value judgement. If you do not value making a profit as a company you have to find value in something else. Which is fine, different things motivate different people and should, but at least be clear that it is fundamentally a values conversation.
- DeathArrow 3y agoBusinesses are about profit not values. An NGO is a better vehicle for pushing values than a business.
- thatguymike 3y agoDisagree, it’s often best to leverage the profit motive as a tool for achieving your values-based mission, and companies are usually the best way to do that. Companies scale up more effectively than NGOs, attract investment much more easily, and can undertake a wider array of activities to achieve their mission. Then there’s C-corps etc if you want to make it explicit.
- watwut 3y agoThe more companies talk about values and missions, the more likely they are to turn frauds. No, I do not have stats for that. It is an observation.